Sumax Engineering
OPENIPO Date: 25 Aug - 28 Aug 2026
Listing Date: 2 Sept 2026
Price Range
₹95 to ₹101
Issue Size
53 Cr
Min Investment
₹1,14,000
Lot Size
1200 Shares
Schedule of Sumax Engineering
Issue open date
25 Aug 2026
Issue close date
28 Aug 2026
UPI mandate deadline
28 Aug 2026 (5 PM)
Allotment finalization
31 Aug 2026
Share credit
1 Sept 2026
Listing date
2 Sept 2026
Mandate end date
12 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 53 Cr |
| Fresh Issue | 0.43 Cr |
| Offer for Sale | 0.1 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 31 Aug 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 25 Aug 2026 | ₹101 | ₹35 | ₹136 (34.65%) |
| 24 Aug 2026 | ₹101 | ₹32 | ₹133 (31.68%) |
| 23 Aug 2026 | ₹101 | ₹32 | ₹133 (31.68%) |
| 22 Aug 2026 | ₹101 | ₹32 | ₹133 (31.68%) |
| 21 Aug 2026 | ₹101 | ₹32 | ₹133 (31.68%) |
| 20 Aug 2026 | ₹101 | ₹32 | ₹133 (31.68%) |
| 19 Aug 2026 | ₹101 | ₹30 | ₹131 (29.7%) |
| 18 Aug 2026 | ₹101 | ₹20 | ₹121 (19.8%) |
Performance Sumax Engineering
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹95 to ₹101 | .... | .... | .... |
About Sumax Engineering
Sumax Engineering Limited is engaged in manufacturing and trading products for the Automotive OEM and Auto Refinish markets. Its manufacturing portfolio includes adhesive tapes, die-cuts, rubbing and polishing compounds, buffing pads, reflective tapes, printing solutions, domes, graphics and car-care products. Its trading business includes electrical and pneumatic tools, abrasives, body-shop consumables and aerosol products. Established in 1994, the company has developed a portfolio of 900+ products and operates manufacturing facilities in Manesar and Chennai.
| Founded in | 1994 |
| Managing director | Sudeep Mehta |
| Parent organization | KLJ Group |
Financial Overview
Strengths
- Diversified product portfolio: 900+ products serving automotive OEM, auto-refinish and car-care markets.
- Long operating track record: More than 30 years of experience in the automotive OEM and refinish industry.
- Manufacturing + trading model: Provides both in-house manufactured products and complementary traded products, creating a broad one-stop offering.
- Established manufacturing network: Facilities in Manesar and Chennai with a broad distribution presence across India.
Risks
- Automotive sector dependence: Demand is linked to automobile production, repair activity and overall automotive industry conditions.
- Raw-material price risk: Fluctuations in chemicals, adhesives, abrasives, polymers and other inputs can pressure margins.
- Competition: The automotive consumables and refinishing market has several domestic and international players, creating pricing pressure.
- Expansion/execution risk: The company is raising funds for new manufacturing facilities and working capital, so delays or cost overruns could affect returns.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | 2.29 |
| Retail Individual Investors (RIIs) | 5.77 |
| Employee | N/A |
| Total | 3.24 |